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FINANCIAL NEWS
Egypt to allocate USD0.3bn for New El Alamein development
10 Jul 2016
(MENAFN) Egypt estimated that the investment needed to develop New El Alamein city in 2016/17 would amount to almost USD0.34bn.
Additionally, the first phase of the city project will be on 8,000 feddans, which will include the tourist area, part of the downtown area and the city’s residential area.
Furthermore, the government also allocated USD59.41bn from the state budget in order to implement development projects and infrastructure like roads.
On the other hand, the country will outline the first primary plan of the first phase and establish a drinking water desalination plant.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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